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re: Why are immigrants sneaking past the Mexican border bad from an economics standpoint?
Posted on 12/30/22 at 3:17 pm to Turbeauxdog
Posted on 12/30/22 at 3:17 pm to Turbeauxdog
quote:
But manufacturing is only offshored to the extent that it is because of government artificially penalizing the cost of domestic manufacturing/subsidizing offshore manufacturing.
I don't think, post-Covid, this claim can be made anymore.
These jobs are worth well less than minimum wage and minimum wage today is more what it was originally intended to be, because private wages for lower-level jobs have increased so much post-Covid.
Paying a Chinese or Central American $1/hour is tough to beat domestically when the baseline is probably $20-25/hour now.
2
Posted on 12/30/22 at 3:26 pm to SlowFlowPro
quote:
These jobs are worth well less than minimum wage and minimum wage today is more what it was originally intended to be, because private wages for lower-level jobs have increased so much post-Covid
For some manufacturing this is true, but I doubt that sector represents even half of offshored manufacturing by value. Consider all the pharmaceutical/intermediates manufacturing done in China. It's not the cost of labor that offshored that work.
quote:
Paying a Chinese or Central American $1/hour is tough to beat domestically when the baseline is probably $20-25/hour now.
Leave Central American out of it. The cost of manufacturing in Asia -v- the US for high value products is much closer than you may realize. Some chip manufacturers have labor on level between most of Asia and the US.
Posted on 1/2/23 at 8:55 am to SlowFlowPro
quote:
I don't think, post-Covid, this claim can be made anymore.
OSHA and the EPA get dissolved during covid?
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